Panama was one of the last nations that joined the union, this is mainly because most of the population thought until the last moment, that Panamanian control of the Panama Canal would keep the country alive as the US gobbled up all other economic sectors. The country joined when Congress introduced the Canal Zone Expansion Resolution, which expressed that Congress would be more than willing to give billions to a potential Panamanian State.
Panama is currently receiving some 200 billion dollars annually to develop both its economy and build the New Panama canal which is expected to be close to three times the size of the current canal.
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